UBS cut shares of Dollar Tree (NASDAQ:DLTR) from a strong-buy rating to an outperform rating in a research note released on Monday morning, The Fly reports.
A number of other research firms have also issued reports on DLTR. Bank of America upped their target price on Dollar Tree from $120.00 to $130.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Wells Fargo reaffirmed an outperform rating and issued a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Zacks Investment Research raised Dollar Tree from a hold rating to a strong-buy rating and set a $128.00 target price on the stock in a research note on Tuesday, January 16th. Guggenheim reaffirmed a buy rating on shares of Dollar Tree in a research note on Wednesday, January 31st. Finally, Oppenheimer began coverage on Dollar Tree in a research note on Tuesday, January 16th. They issued an outperform rating and a $130.00 target price on the stock. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $108.39.
Shares of NASDAQ:DLTR opened at $97.55 on Monday. The company has a market cap of $23,052.45, a PE ratio of 19.94, a PEG ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. Dollar Tree’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. analysts expect that Dollar Tree will post 5.7 EPS for the current fiscal year.
In other news, insider Robert H. Rudman sold 6,074 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $93.95, for a total transaction of $570,652.30. Following the completion of the sale, the insider now directly owns 11,170 shares in the company, valued at approximately $1,049,421.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Conrad M. Hall acquired 10,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were purchased at an average price of $91.83 per share, with a total value of $918,300.00. Following the completion of the acquisition, the director now owns 799 shares in the company, valued at $73,372.17. The disclosure for this purchase can be found here. In the last three months, insiders have sold 14,861 shares of company stock worth $1,398,752. Corporate insiders own 2.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DLTR. Janus Henderson Group PLC increased its holdings in shares of Dollar Tree by 34.9% during the 3rd quarter. Janus Henderson Group PLC now owns 63,524 shares of the company’s stock worth $5,515,000 after buying an additional 16,434 shares during the last quarter. Atlantic Trust Group LLC increased its holdings in shares of Dollar Tree by 3.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 271,056 shares of the company’s stock worth $23,533,000 after buying an additional 8,356 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of Dollar Tree by 2.1% during the 4th quarter. DnB Asset Management AS now owns 24,355 shares of the company’s stock worth $2,614,000 after buying an additional 500 shares during the last quarter. Train Babcock Advisors LLC acquired a new stake in shares of Dollar Tree during the 4th quarter worth $215,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Dollar Tree during the 4th quarter worth $2,625,000. Institutional investors and hedge funds own 90.89% of the company’s stock.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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